WHAT THE OTHER PAPERS SAY THIS MORNING February 7, 2012 FINANCIAL TIMES BOMBARDIER JOBS BELIEVED SAFE Workers at the UK’s last train maker are expected to hear this week that their jobs are safe, ending months of uncertainty about the future of the factory in Derby. Its owner, Bombardier, put the future of the site under review in the middle of last year, after the [...]
CITY MOVES | WHO’S SWITCHING JOBS February 5, 2012 Mastercard UK The global payment processing network has appointed Marion King as president of its UK and Ireland business. King was previously CEO of VocaLink, a payments service provider to banks, corporations and governments. Prior to this she worked at Reuters for 14 years, holding a series of senior roles, most recently as managing director [...]
CITY MOVES | WHO’S SWITCHING JOBS January 30, 2012 The Co-Operative Group The Co-operative Group has appointed Steve Murrells as chief executive of its food business replacing Tim Hurrell, who retired last year. Murrells, who will report to group CEO Peter Marks when he starts in July, will join Britain’s fifth largest food retailer from Danish meat company Tulip, where he is UK chief [...]
CITY MOVES | WHO’S SWITCHING JOBS January 29, 2012 The Co-Operative Group The Co-operative Group has appointed Steve Murrells as chief executive of its food business replacing Tim Hurrell, who retired last year. Murrells, who will report to group CEO Peter Marks when he starts in July, will join Britain’s fifth largest food retailer from Danish meat company Tulip, where he is UK chief [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 25, 2012 FINANCIAL TIMES NORWEGIAN CARRIER AIMS HIGH WITH 222 AIRCRAFT ORDERS Norwegian Air Shuttle plans to buy 222 new aircraft worth $21.1bn from Boeing and Airbus in a move that heralds its ambition to become one of Europe’s leading low-cost airlines. Boeing secured its largest ever European deal through a firm order by the Oslo-based airline [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 18, 2012 FINANCIAL TIMES TWO BANKS IN DANGER AS DEADLINE APPROACHES European regulators are convinced that two of the continent’s banks will fail to produce credible plans to plug capital deficits by Friday’s deadline, exposing both to the risk of full or partial nationalisation. Officials said that it looked “almost inevitable” that a fresh injection of state [...]
The latest evidence shows many MBA students earn back tuition costs quickly January 18, 2012 BEFORE investing the significant money and time needed to undertake an MBA, potential students should be keen to know the chances of getting a decent return on their investment. Of course, future remuneration isn’t the only motivation for undertaking further study, but if you knew that it would likely cost you more than you got [...]
Top Swiss banker felled by scandal January 9, 2012 EMBATTLED Swiss National Bank governor Philipp Hildebrand yesterday resigned from his role with immediate effect, succumbing to weeks of pressure from politicians and the media over controversial currency transactions made by his wife. Hildebrand admitted yesterday he could not provide “conclusive and final evidence” that Kashya Hildebrand had bought half a million US dollars in [...]
CITY MOVES | WHO’S SWITCHING JOBS January 3, 2012 Avanti Communications Group Paul Walsh, chief executive of Diageo, has joined the board of satellite data company Avanti Communications as a non-executive director. He is also a non-executive director of FedEx Corporation and Unilever. Prior to joining Diageo, Walsh held financial and commercial positions with InterContinental Hotels and in the GrandMet food business, becoming CEO [...]
HSBC gets loophole in Vickers proposals December 19, 2011 HSBC scored a major lobbying victory yesterday after the government inserted a loophole into the Vickers Commission proposals that could exempt the bank from its most onerous capital requirements. The bank had warned that issuing a swathe of new debt instruments as per the Vickers recommendations could cost it $2.1bn extra a year. In response, [...]